A Contract is an executed agreement between the owner and contractor (Prime or Owner Contract). Contracts are income generating and do not commit dollars against the Budget.
Project: Used to select the project associated with the contract.
Company: Select the company or vendor the contract is associated with.
ID: This field is automatically populated by PMWeb but can be modified with your contract number.
Description: Enter a general description (a more detailed description should be entered in the details section of this form).
Revision: Enter the Revision number.
Date: This field will automatically be populated by PMWeb with the current date.
Status: The status (draft, submitted etc.) will automatically be updated by PMWeb based on the workflow configuration.
Effective Date: Enter the date of the contract.
Overbilling: Select whether the contract will allow invoices to exceed the total contract value. If Allow Overbilling is selected, check the box and enter the percentage of overage allowed, either by the line item in the contract or total contract value.
Days: Enter the number of days the Contract is valid for. By entering the number of days on the Contract you will then be able to create change orders that affect the number of days of the Contract.
Retention on Services: Enter the percentage of retention on services.
Retention on Stored Materials: Enter the percentage of retention on stored materials.
These fields provide an overview of the contract. This area will be populated after you save the header details and add/save line items to the contract.
This field will allow you to enter units of measure and quantities of that item. If this option is not selected, the line item will be a lump sum value.
Click Add to add line items to the contract. Once complete, click Save. You can also Click Add Items to drag and drop items that have been pre-configured by your Administrator in in Portfolio>Lists>Items menu.
Click Add Items to drag and drop items that have been pre-configured by your Administrator in in Portfolio>Lists>Items menu. Use the Add button to manually enter new items.
This field will automatically be populated by PMWeb with the value contained in the total cost field but can be modified if the price being charged differs from the cost of the items.
